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Need a loan? Here’s why it pays to have a higher credit score

Updated : October 23, 2018 01:14 PM IST

A credit score is among the most objective tools used by banks to ascertain a customer’s credit risk.
This three-digit credit score is indicative of the probability of an individual defaulting over a certain period of time.
Ranging from 300 to 900, a higher score depicts a lower probability of default.
Need a loan? Here’s why it pays to have a higher credit score
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